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PayPal Daily Technical Analysis | 28 September 2017

2017-09-28 11:12 am | Resource: Technical Analysis Section | No Views : 336

Paypal index is trading in a bullish direction in the formation of the hourly interval and below the resistance level of 63.73 $ and the simple moving average slow and slow intersect positively but without confirmation.

PayPal Daily Technical Analysis | 28 September 2017

The stock trades within a classical bullish triangle pattern on the hourly frame even if it does not breach the upper rib or break the lower leg.
From MACD, with positive, positive cross-setting below zero levels, it supports buyers in the stock.
It is expected that if the price of 63.73 is breached, it might target 65.24 levels on the other side if the 62.37 level is breached, targeting 61.12.
Support: 62.37 - 61.12 - 60.69
Resistance: 63.73-65.24 - 65.98
Trend: Up

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